By Kate Abnett BRUSSELS (Reuters) – As temperature records topple and extreme weather rages around the world, countries are preparing for talks at this year’s COP28 UN summit on climate finance – money that large economies provide to help poorer states cope with climate change. So far, countries have not delivered this money in the…
TAIPEI (Reuters) -Shares of Taiwan’s TSMC slumped more than 3% on Friday after the world’s largest contract chipmaker flagged a 10% drop in 2023 sales and said production due to start next year at its first plant in Arizona would be delayed. On Thursday, TSMC reported a 23.3% fall in second-quarter net profit – its…
WARSAW (Reuters) – Poland’s security committee decided in a meeting on Wednesday to move military units to the country’s east due to the Wagner Group’s presence in Belarus, state-run news agency PAP quoted its secretary as saying on Friday. Wagner chief Yevgeny Prigozhin was shown in a video on Wednesday welcoming his fighters to Belarus,…
By Rachel Nostrant (Reuters) -A very lucky Powerball player in Southern California has won the multistate lottery’s $1 billion jackpot prize, ending a streak of 38 consecutive drawings without a grand prize winner. It was just the third time the Powerball jackpot prize has reached $1 billion. Jackpot winners have to match all six of…
By Abhirup Roy SAN FRANCISCO (Reuters) – Tesla Chief Executive Elon Musk on Wednesday set new targets for artificial intelligence products including self-driving software and using humanoid robots in factories, though he acknowledged he’s been optimistic before. The electric vehicle maker is in early talks with a major automaker to license its full self-driving technology,…
By Clara Denina and Sarah McFarlane LONDON (Reuters) – Major brands, including the investment arm of the IKEA group, are following automakers’ lead in snapping up stakes in suppliers of raw materials and energy, seeking greater control over their production to meet emissions targets and limit disruptions. After global supply chains buckled under pressure from…
By Josh Smith SEOUL (Reuters) – When U.S. soldier Travis King sprinted across the border into North Korea from the South this week, he disappeared into a North Korea where lingering COVID-19 concerns and restrictions have made the already secretive country more isolated than ever. During the pandemic North Korea stopped all international travel and…
A look at the day ahead in European and global markets from Sonali Desai Japan’s June inflation data hopped onto a widening trend for price pressures to start showing signs of peaking, although that provided limited cheer to investors in Asia – as did China’s latest measures to stimulate consumption. Both factors softened some of…
JAKARTA (Reuters) – Incoming foreign direct investment to Indonesia grew 14.2% on a yearly basis in rupiah terms in the April-June quarter, the investment ministry said, the slowest growth pace in one and a half years. FDI was worth 186.3 trillion rupiah in the second quarter, or $12.59 billion, using the conversion provided by the…
BEIJING (Reuters) – China’s foreign exchange regulator said on Friday it will comprehensively use policy measures to stabilise market expectations, at a time when the yuan currency faces renewed downside pressure. China’s currency has lost about 4% to the dollar this year, one of the worst performing Asian currencies, pressured by widening yield differentials with…
